The case involves an application filed under Section 33(1), 33(2), and 34(1) of the Insolvency and Bankruptcy Code, 2016, by the Resolution Professional (RP), Shri Bhupendra Singh Narayan Singh Rajput, for the liquidation of the Corporate Debtor, M/s. Proeyetech Elekrotekniks Private Limited. The application seeks various orders, including allowing the application, passing an order for liquidation, appointing Mr. Pradeep Kabra as the liquidator, excluding the lockdown period due to the COVID-19 pandemic from the Corporate Insolvency Resolution Process (CIRP) period, and declaring the completion date of the CIRP after excluding the lockdown period.
The Resolution Professional (RP), Bhupendra Singh Narayan Singh Rajput, filed an application under Section 33(1), 33(2), and 34(1) of the Insolvency and Bankruptcy Code, 2016, for the liquidation of Proeyetech Elekrotekniks Private Limited. No Resolution Applicant responded after the publication of the Expression of Interest. The Committee of Creditors (CoC) resolved with 100% voting to initiate the liquidation process and appoint Mr. Pradeep Kabra as the liquidator. The main petition, CP (IB) 578 of 2019, was admitted on 2019-08-26. The RP sought exclusion of the lockdown period (2020-03-25 to 2020-06-30) from the CIRP timeline. The CoC meeting was held on 2020-09-10, but the liquidation application was filed on 2020-10-19, causing a delay. The court noted the RP's
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CP (IB) 578 of…
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The case involves an application filed under Section 33(1), 33(2), and 34(1) of the Insolvency and Bankruptcy Code, 2016, by the Resolution Professional (RP), Shri Bhupendra Singh Narayan Singh Rajput, for the liquidation of the Corporate Debtor, M/s. Proeyetech Elekrotekniks Private Limited. The application seeks various orders, including allowing the application, passing an order for liquidation, appointing Mr. Pradeep Kabra as the liquidator, excluding the lockdown period due to the COVID-19 pandemic from the Corporate Insolvency Resolution Process (CIRP) period, and declaring the completion date of the CIRP after excluding the lockdown period.
The Resolution Professional (RP), Bhupendra Singh Narayan Singh Rajput, filed an application under Section 33(1), 33(2), and 34(1) of the Insolvency and Bankruptcy Code, 2016, for the liquidation of Proeyetech Elekrotekniks Private Limited. No Resolution Applicant responded after the publication of the Expression of Interest. The Committee of Creditors (CoC) resolved with 100% voting to initiate the liquidation process and appoint Mr. Pradeep Kabra as the liquidator. The main petition, CP (IB) 578 of 2019, was admitted on 2019-08-26. The RP sought exclusion of the lockdown period (2020-03-25 to 2020-06-30) from the CIRP timeline. The CoC meeting was held on 2020-09-10, but the liquidation application was filed on 2020-10-19, causing a delay. The court noted the RP's
…CP (IB) 578 of…
Start date of the…